Showing posts with label price. Show all posts
Showing posts with label price. Show all posts

Thursday, December 24, 2009

With ForxGen No maintenance Margin Policy

ForexGen “no maintenance margin policy” means that our clients’ positions can reach and go below the margin requirements without ForexGen close their opening positions. Throughout the week your positions may fluctuate and ForexGen will take no action.

“No maintenance margin policy” means if your positions go below the margin requirements, we don’t close your account or even give you margin calls. However, if you approach the level where the loss of your open positions approaches the balance of your account, you will be stopped out and your positions will be closed. Stop positions will be executed when there is only around 5% equity of the required margin left in your account. Offering “no maintenance margin policy” to our clients gives more flexibility and confidence to our clients, as they can decide for themselves when they want a position to be closed. Sometimes if the price is going against you, many of our competitors would close the position if it goes below the required margin - even if the price bounces back the next moment. We give the client complete control over his positions.

More Trades with ForexGen

This article is part of my ongoing evaluation of ForexGen’s Forex System Selector, a web based automated trading tool that allows the user to select one or more trading systems, and have them automatically traded against an account.

This is running against a one month demo account, which is funded with $100,000. Previous articles have given an overview of the product and the first trades. This article provides an update on trading performance to date.

In terms of the operational smoothness of the system, I can report that it continues to operate flawlessly. I am taking note of this because I have tried several other products that were unstable and continually lost server connectivity. The fact that this product is web based, and on ForexGen’s own server means that connectivity to ForexGen’s quotes and trade execution engine is well controlled.

ForexGen Careers

ForexGen aims to set a new standard for global FX trading, and our team members own the drive, determination and excitement to revolutionize the Forex trading world.If you are a passionate, high-energy professional interested in paving the next era in FX, and would like to be a part of a challenging work environment that stimulates and promotes professional development, please check out our list of available positions.

ForexGen is an equal opportunity employer, providing consideration to all qualified job candidates.